[Adopted 2-15-2007 by L.L. No. 1-2007]
This article shall be entitled "A Local Law
Establishing Exemption Amounts for Real Property Taxes for Alternative
Exemptions for Wartime Veterans."
This article is enacted pursuant to the requirements
set forth in the New York State Real Property Tax Law § 458-a
to establish real property tax exemption levels for veterans and Local
Law No. 2-2007 of the County of Columbia.
[Amended 6-8-2017 by L.L.
No. 3-2017]
Exemption levels are as follows:
|
Classification
|
Exemption Level
|
|---|---|
|
Wartime
|
$36,000
|
|
Combat Zone
|
$24,000
|
|
Disability
|
50% of the veteran's disability rating, not to exceed $120,000
|
[Added 6-8-2017 by L.L.
No. 3-2017]
A "Gold Star Parent," which is defined as the parent of a child
who died in the line of duty while serving the United States armed
forces during a period of war, as defined in § 458-a of
the New York State Real Property Tax Law, shall be deemed a "qualified
owner"; property owned by a Gold Star Parent shall be deemed within
the definition of "qualifying residential real property"; and the
benefits and amounts set forth in this article shall be applicable
to such Gold Star Parents, in accordance with the provisions of NYS
Real Property Tax Law § 458-a and subject to the limitations
set forth therein.
